Burberry: stock up on broker comments

(CercleFinance.com) - The Burberry share is up over 1% on Monday, slightly outperforming the trend in London, with the help of Jefferies, which has upgraded its rating on the share from "underperform" to "hold," having raised its target price for the British luxury group's share by 12% to 1400 pence.


The broker says "our conviction that metrics will move sideways now rather than further relative deterioration," and now sees "limited downside from here at current prices now".


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